The Federal Communications Commission on Friday formally approved Sirius Satellite Radio’s $3.3 billion buyout of former competitor XM Satellite Radio with conditions. [MORE]

Source: CNET

FCC commissioner Deborah Taylor Tate is expected to vote in favor of the merger today, giving the deal a majority approval vote. [MORE]

Source: Rolling Stone

The bad dream of DRM continues. Yahoo e-mailed its Yahoo! Music Store customers yesterday, telling them it will be closing for good—and the company will take its DRM license key servers offline on September 30, 2008. [MORE]

Source: ars technica

The as-yet unlaunched MySpace Music will likely partner with Amazon to handle all music ecommerce transactions, we’ve heard from multiple sources. Apple and Rhapsody are also bidding for the business, however, and one source says a final decision hasn’t yet been made. [MORE]

Source: TechCrunch

CBS Radio said Wednesday it is launching a new online video platform, operated by WorldNow, to facilitate the online business of its 140 radio station Web sites. [MORE]

Source: MediaPost

There are times when I read the news in the morning and I can’t help but wonder what some people are thinking when they announce something new. Usually, that amazement revolves around weird products or dumb deals. But today, it’s something entirely different: a tax on Internet use. [MORE]

Source: CNET

The Federal Communications Commission was set to approve a merger between XM and Sirius on Thursday, a move that would end a nearly 18-month review of a deal that would essentially create a monopoly in satellite radio. [MORE]

Source: The New York Times

A tentative deal has been reached by a majority of commissioners at the Federal Communications Commission to approve the merger of Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc., a FCC source close to the review said Wednesday. [MORE]

Source: The Wall Street Journal

Six of the UK’s biggest net providers are believed to be backing a government plan to tackle music piracy online. [MORE]

Source: BBC News

MySpace’s upcoming music joint venture with 3 of the 4 major labels, first announced in April, will launch in September (EMI is still a holdout, but from what we hear they may be ready to fold soon). [MORE]

Source: TechCrunch